{"id":9330,"date":"2022-07-27T07:01:06","date_gmt":"2022-07-27T07:01:06","guid":{"rendered":"https:\/\/depocen.org\/publications\/infectious-diseases-and-economic-growth\/"},"modified":"2022-07-27T07:01:06","modified_gmt":"2022-07-27T07:01:06","slug":"infectious-diseases-and-economic-growth","status":"publish","type":"publications","link":"https:\/\/depocen.org\/vi\/publications\/infectious-diseases-and-economic-growth\/","title":{"rendered":"Infectious Diseases and Economic Growth"},"content":{"rendered":"<p>This paper develops a framework to study the economic impact of infectious diseases by<br \/>\nintegrating epidemiological dynamics into a continuous time neo-classical growth model. There is a two<br \/>\nway interaction between the economy and the disease: the incidence of the disease a\u00aeects labor supply and<br \/>\ninvestment in health capital can a\u00aeect the incidence and recuperation from the disease. Thus, both the<br \/>\ndisease incidence and the income levels are endogenous. It is a general framework to study the e\u00aeect and<br \/>\ncontrol of infectious diseases where there is an interaction with physical capital and health expenditures.<br \/>\nThe dynamics of the disease make the control problem non-convex and thus, a new existence theorem is<br \/>\ngiven. We fully characterize the local dynamics of the model. There can be multiple steady states, and<br \/>\nas the underlying parameters change there can be bifurcations. There can also be steady states where<br \/>\nthe disease is endemic but the optimal response is not to spend any resources on controlling it. We also<br \/>\nsee how the endogenous variables change as some underlying economic parameters are varied.<\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[],"author_publications":[1558,1970,1971],"topic_publications":[],"class_list":["post-9330","publications","type-publications","status-publish","hentry","author_publications-manh-hung-nguyen","author_publications-aditya-goenkay","author_publications-lin-liu"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications\/9330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/media?parent=9330"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/cate_publications?post=9330"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/author_publications?post=9330"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/topic_publications?post=9330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}